Satcon Technology Corp SATC 401(k) / ERISA Lawsuit

Satcon Technology Corp has been accused of securities fraud. If you are a current or former employee or are a member of any of Satcon Technology Corp investment plans or profit sharing retirement plans you may be included in this possible Satcon Technology Corp 401(k) or Employee Retirement Income Security Act (ERISA) class action. If you purchased or held Satcon Technology Corp stock in one of those plans during the periods Mar-4-10 to Jul-5-11, you may have a claim.

Under ERISA, Satcon Technology Corp employees can file a lawsuit against the company for putting stock options at risk. Satcon Technology Corp employees have a claim if they can prove their employer violated its fiduciary duty to its employees. Fiduciary duty refers to a company's responsibility to the people who invest in it. If an employer puts the company's interest ahead of the investors', it has broken its fiduciary duty. A fiduciary is a person that exercises discretion over the management of plan assets or exercises discretionary control over the administration of the plan.

ERISA is a federal law that sets minimum standards for pension and health plans set up by private businesses. ERISA was designed to protect people who participate in employee benefit plans, including employees with stock options in a company. Stock options are a form of compensation in which employees are given the opportunity to purchase shares of the company stock at a certain price.

Satcon Technology Corp 401(k) / ERISA Legal Help

If you have suffered from Satcon Technology Corp 401(k) plan losses, you may qualify for damages or remedies that may be awarded in a possible Satcon Technology Corp ERISA class action lawsuit. Please click here to fill in our form to submit your complaint and we will have a lawyer review your ERISA complaint.

Request ERISA Legal Help

Please complete this form to request a review of your complaint by an attorney.

First NameLast NameEmail AddressPhone NumberZip/Postal CodeDefendant (Who caused the harm?)Describe Your ComplaintAre you a former employee? Yes NoAre you a current employee? Yes NoName of securities officer:

There is absolutely no cost to you to submit this form. Doing so places you under no obligations and does not establish an attorney-client relationship.